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Bond MGCR is a $1,000 par, 4year, 7.5 % semiannual coupon bond. Assume a required return of 6%. (a) Calculate the current price of the

Bond MGCR is a $1,000 par, 4‐year, 7.5 % semi‐annual coupon bond. Assume a required return of 6%.

(a) Calculate the current price of the bond.

(b) Calculate the current yield of the bond.

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